Just In! FG Unveils N47.9 trn Budget Proposal For 2025

The New Diplomat
Writer

Ad

Anambra Guber: Ekwunife accuses Soludo’s wife of infidelity as crisis escalates

• Ekuwunife: "Soludo's wife "slept with Mbadinuju..I've proof." • Soludo's wife: "I never met Mbadinuju. I won't dignify her with a response. " By Obinna Uballa The Anambra governorship race has descended into one of the most vicious personal battles, as Senator Uche Ekwunife, the All Progressives Congress (APC) deputy governorship candidate, doubled down on…

Trump Calls on G7 to Slap Tariffs on China and India for Importing Russian Oil

President Donald Trump has urged U.S. partner countries in the G7 group to impose tariffs on China and India in punishment for their continued energy trade with Russia, the Financial Times has reported, noting it is Trump’s belief that such a course of action would speed up the end of the Ukraine war. The report said…

Oil Prices Set for Weekly Dip on Soft Demand Expectations

Crude oil prices were on course to end the week with a decline, as the latest prediction of softening demand growth reinforced bearish moods among traders. The prediction came from the International Energy Agency, which said in its latest monthly oil report that it expected oil demand this year to grow by 750,000 barrels daily,…

Ad

By Abiola Olawale

The federal government has unveiled a proposed total expenditure of N47.9 trillion for the upcoming 2025 budget.

This announcement was made by the Minister of Budget and Economic Planning, Atiku Bagudu, during a press briefing held on Thursday.

The briefing followed a meeting of the Federal Executive Council (FEC), which was presided over by President Bola Tinubu.

The framework also projects a Gross Domestic Product (GDP) growth rate of 4.6%, an exchange rate of $75 to the Naira, and oil production of 2.06 million barrels per day.

Bagudu said the approval of the 2025 fiscal budget proposal is part of the Medium Term Expenditure Framework (MTEF) and Fiscal Strategy Paper for 2025-2027 by the Fiscal Responsibility Act of 2007.

The Minister added that the framework is expected to be submitted to the National Assembly as required by law, either on Friday or Monday.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp